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The Merchants' Co-operative Bank Ltd., Dhule, Maharashtra

Co-operative bankDhule, Maharashtra

A source-linked record of 2 RBI actions, their timing, severity, and recurring regulatory themes.

At a Glance

Total actions
2
Total penalties
Rs 0
Latest action
9 Dec 2013

Enforcement Fingerprint

2 actions across 1 years.

PenaltyRestrictionLicence actionLiftedOther

Action Mix

Business restriction2

Lifecycle Mix

Extension2

Severity Mix

S4 High2

Source-linked record

Action History

2 linked actions

2013

2

Case brief

RBI has extended its existing Section 35A directions on The Merchants’ Co-operative Bank Ltd., Dhule, for another six months. The bank remains under the same restrictions, unchanged.

Impact

The bank continues to operate under the same RBI-imposed restrictions until June 12, 2014, unless modified earlier on review. Depositors, customers, and counterparties remain subject to the operational limitations in force under the existing directions.

Why RBI acted

Other

Regulatory basis

  • Section 35A of the Banking Regulation Act, 1949

Restrictions

Business Restriction
View Case BriefView RBI Release

Case brief

RBI extended the existing Section 35A directions on The Merchants' Co-operative Bank Ltd., Dhule, for another six months. The original conditions continue unchanged.

Impact

The bank remains subject to the same RBI-imposed operating conditions for the extended period, with the directions continuing through December 12, 2013 unless reviewed earlier. Depositors and other stakeholders remain affected by the unchanged restrictions.

Why RBI acted

Other

Regulatory basis

  • Section 35A of the Banking Regulation Act, 1949
View Case BriefView RBI Release